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Well, don't be a citizen of just one country, a resident of that country, and have your business and all assets in that country. Then that country got you - colloquially speaking - by the balls.

Yeah, to have a company in Dubai, but not live there doesn't make so much sense any longer - there are better solutions. But having residency in Dubai and living there part or full time makes sense. It is the only major international city in the world with near zero tax. And one can have a...

Third world banks gonna do third world things

Well, I meant more places like Namibia, Zambia, Botswana, DRC, Djibouti, Guinea-Bissau that formally don't tax foreign income. Or the countries that are so disorganized that formal rules around foreign income are not clear, but nobody would dream of paying tax on such income. And if you go to a...

Yet one more: -You live in a country that formally or de facto doesnt tax foreign companies. About half the world is like this. And as to PE/effective management and control, this is often a bit of greyzone, since these countries have just let it be, and there are no court cases of authorities...

Yeah, Im thinking of trying too. Basic due diligence gives that City Bank has 133 branches and was founded in 1983, so it's not a fly by night operation. Their app even has 4.4 stars on google play. Im wondering though if one gets a debit card. In the FAQ it says: "4. What type of account can...

It's not very difficult if you have a visa/mastercard that uses crypto on the back end. Then you can live a normal life in most countries. I know quite a few people in the UAE who live like this. However, if you dont even want a visa/mastercard/union pay card, and reject the entirety of the...

That depends on where the 1 million comes from and where you bank. But say you have a totally legitimate business, with funds coming into your business bank account, then the business bank is usually fine with it. And if you transfer over a dividend or distribution or something to a personal...

Well listen to @peter taradash and the old timers about this! The whole perpetual traveller lifestyle is still possible today, as it was 40 years ago (even if some nuances have changed). But in practical terms, get out of the tax net of the country you grew up in, especially if this is a high...

So you convert crypto to fiat while living in Germany. And then you don't really have to move to a country with asset declaration for wealth tax - most countries don't have this. But if you still do, source of fund for your assets is usually not requested. More of an issue is that banks...

Even Ireland leaves you alone in this situation as a non dom, if you just live off dividends and don't remit them to Ireland. And withholding tax for dividends from US equities for Irish residents is 15%. And working for an offshore company, would work as long as the offshore company isn't...

Just taxmen from the countries I listed, plus Spain that I forgot. And neither Australia nor Spain technically require you to be a tax resident elsewhere, but in practice being one and having proof helps. And no, you dont need a tax advisor to leave the tax net of your home country, it is...

It depends somewhat on one's previous country of long term residence and country of citizenship, and when these coincide we can call it "home" country. If we put the US, Hungary, Australia and Norway aside, the taxman in one's "home" country will basically check if one meets the criteria for tax...

Digital nomads usually have residency or at least bills in their name, but not tax residency in some country that can be used for opening bank accounts.

So for business banking, with a US LLC there are quite a few good options inside and outside the US. Id suggest to open 3-4 business accounts for redundancy. Example EMIs that support (or maybe support) US LLCs: Mercury (US), Levro (US), Airwallex (SG), Verifo (Lith), Zen (Lith), Narvi...

Binance p2p, Paxful, Noones, lnp2pbot, street exchange bureaus, private/underground OTC desks, private whatsapp groups, p2p within the Bitcoin community. I have a friend of mine who is an OTC dealer/broker. Tried once mostly out of curiosity to exchange BTC to local currency. The buyer said he...

From my experience Ecobank makes it difficult to make transfers out of the CFA Franc zone. It is not really their fault, it's the central bank that applies soft capital controls to support the peg to the EUR, and to prevent capital flight. So if you try to send money from Ecobank in the CFA...

USA is a good answer. But beside that, one can live in a non-CRS country but bank in a CRS country. This way one gets good banking and no reporting.

Well, for pretty much all western countries you declare a new residency, not a new tax residency. Exceptions, and notes: Ive learned Spain frequently asks residents/citizens that have left to prove that they live in the new country, and the best way to prove it is with a tax residency...

Residency somewhere else, not tax residency! Even though showing tax residency somewhere else definitely helps in this situation.